Housing data for Palmetto Bay, FL
Palmetto Bay, FL has an estimated 24,639 residents and 8,681 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Miami-Dade County.
21.8% of households rent.
The median gross rent is $2,101 a month.
Its population grew measurably since 2015–2019 (+1.3%).
Figures last updated on .
- Residents
- 24,639 (±50)
- Housing units
- 8,681 (±382)
- Households that rent
- 21.8%
- Median gross rent
- $2,101
- Residents since 2015–2019
- +1.3%
What stands out in Palmetto Bay
Median household income: $142,447 (±$9,768) in Palmetto Bay, higher than in Miami-Dade County ($71,753).
Median home value: $879,700 (±$24,415) in Palmetto Bay, higher than in Miami-Dade County ($463,000).
Median real estate taxes: $6,758 (±$268) in Palmetto Bay, higher than in Miami-Dade County ($3,744).
Households that rent: 21.8% (±3.7 points) in Palmetto Bay, lower than in Miami-Dade County (47.8%).
- Income and affordability in Palmetto Bay
- Home values in Palmetto Bay
- Property taxes in Palmetto Bay
- Renters and owners in Palmetto Bay
Housing in Palmetto Bay at a glance
- Median rent: $2,101 median gross rent a month
- Rent by bedrooms: $2,204 median gross rent, 2 bedrooms
- Rent burden: 68.9% of renters pay 30% or more of income
- Renters and owners: 21.8% of households rent
- Income and affordability: $142,447 median household income
- Home values: $879,700 median home value
- Homeowner costs: $3,756 median monthly cost with a mortgage
- Property taxes: $6,758 median real estate taxes a year
- Types of homes: 14.3% of homes are in buildings of 5 or more units
- Bedrooms: 78.1% of homes have 3 or more bedrooms
- Age of homes: 63.8% of homes were built before 1980
- Vacancy rate: 3.3% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 87.5% heat with electricity
- Commute and cars: 35.3 minutes average trip to work
- Crime reported to police: 113 violent crimes per 100,000 residents
- Growth: +1.3% residents since 2015–2019
- How long people stay: 23.6% moved in since 2020
- Crowding and facilities: 1.8% of homes have more than 1 person per room
- Fair Market Rent: $3,290 Small Area FMR, 2 bedrooms (ZIP 33158)
Palmetto Bay against Miami-Dade County, its state and the nation
| Palmetto Bay | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Residents | 24,639 (±50) | 2,738,356 (exact) | 22,416,077 (exact) | 334,922,499 |
| Housing units | 8,681 (±382) | 1,094,983 (±260) | 10,256,470 (±942) | 143,775,355 |
| Households that rent | 21.8% (±3.7 points) | 47.8% (±0.5 points) | 32.4% (±0.2 points) | 34.8% |
| Median gross rent | $2,101 (±$274) | $1,829 (±$10) | $1,669 (±$5) | $1,413 |
| Median household income | $142,447 (±$9,768) | $71,753 (±$708) | $74,568 (±$284) | $80,734 |
| Median home value | $879,700 (±$24,415) | $463,000 (±$2,523) | $359,000 (±$930) | $332,700 |
| Median real estate taxes (a year) | $6,758 (±$268) | $3,744 (±$42) | $2,730 (±$10) | $3,119 |
| Built before 1980 | 63.8% (±5.7 points) | 49.6% (±0.6 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 35.3 minutes (±1.5) | 30.9 minutes (±0.2) | 28.0 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 94.1% (±3.3 points) | 89.7% (±0.3 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 41.0 years (±2.2) | 40.7 years (±0.1) | 42.6 years (±0.1) | 38.9 years |
Palmetto Bay covers 8.3 square miles of land, about 2,974 residents per square mile (Census Bureau Gazetteer).
How Palmetto Bay has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 24,333 (±40) | 24,639 (±50) | +1.3% | Measurable increase |
| Housing units | 7,905 (±282) | 8,681 (±382) | +9.8% | Measurable increase |
| Median gross rent | $1,426 (±$86) | $2,101 (±$274) | +47.3% | Up after inflation |
| Median home value | $562,300 (±$15,726) | $879,700 (±$24,415) | +56.4% | Up after inflation |
| Median household income | $123,477 (±$5,705) | $142,447 (±$9,768) | +15.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $3,088 (±$93) | $3,756 (±$160) | +21.6% | No measurable change after inflation |
| Median real estate taxes | $5,449 (±$228) | $6,758 (±$268) | +24.0% | No measurable change after inflation |
| Households that rent | 19.3% (±2.3 points) | 21.8% (±3.7 points) | +2.5 percentage points | Not a measurable change |
| Rental vacancy rate | 7.6% (±5.1 points) | 3.3% (±3.5 points) | −4.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Palmetto Bay
In 2025, the Palmetto Bay Police Department reported 113 violent and 1,581 property crimes per 100,000 residents to the FBI.
Across Miami-Dade County, the departments that report recorded 302 violent and 1,784 property crimes per 100,000 residents that year.
ZIP codes in Palmetto Bay
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 33158 | 87% | 5,960 | $3,500 or more | $1,026,600 | $201,597 |
| 33157 | 38% | 70,596 | $1,653 | $547,300 | $81,589 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Palmetto Bay
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Palmetto Estates | 2.6 mi | $1,948 | $445,900 | 13.7% |
| West Perrine | 3.0 mi | $1,488 | $411,500 | 46.3% |
| Pinecrest | 3.1 mi | $1,946 | $1,406,400 | 17.2% |
| Cutler Bay | 3.3 mi | $1,978 | $472,700 | 30.3% |
| Richmond Heights | 3.4 mi | $1,801 | $378,100 | 29.1% |
| Kendall | 4.0 mi | $1,905 | $567,900 | 37.8% |
| South Miami Heights | 4.8 mi | $1,605 | $407,100 | 37.9% |
| Three Lakes | 5.3 mi | $2,361 | $481,300 | 33.4% |
Places in Florida most like Palmetto Bay
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Sunset | $2,118 | $601,300 | $109,401 | 23.0% |
| Redington Beach | $2,938 | $842,200 | $104,803 | 7.4% |
| Satellite Beach | $1,909 | $502,500 | $119,134 | 18.1% |
| Ocean Ridge | $1,953 | $1,138,700 | $128,750 | 17.0% |
| Pinecrest | $1,946 | $1,406,400 | $206,417 | 17.2% |
| Atlantis | $1,784 | $630,500 | $116,715 | 7.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Florida.
HUD Fair Market Rent for Palmetto Bay, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,953 | $2,121 | $2,564 | $3,277 | $3,749 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Palmetto Bay, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $28,600 | $47,700 | $76,300 |
| 2 people | $32,700 | $54,500 | $87,200 |
| 3 people | $36,800 | $61,300 | $98,100 |
| 4 people | $40,850 | $68,100 | $109,000 |
| 5 people | $44,150 | $73,550 | $117,750 |
| 6 people | $47,400 | $79,000 | $126,450 |
| 7 people | $50,700 | $84,450 | $135,150 |
| 8 people | $55,720 | $89,900 | $143,900 |
These are the limits HUD sets for its housing programs in the Miami-Miami Beach-Kendall, FL HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $89,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Palmetto Bay
What is the average rent in Palmetto Bay, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Palmetto Bay is $2,101 (±$274) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Palmetto Bay?
The median gross rent for a one-bedroom home in Palmetto Bay, FL is $1,421 (±$438) a month (2020–2024 American Community Survey).
Are renters in Palmetto Bay rent-burdened?
68.9% of renting households in Palmetto Bay pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Palmetto Bay?
Palmetto Bay has an estimated 1,774 (±335) renting households, 21.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Palmetto Bay?
The median household income in Palmetto Bay is $142,447 (±$9,768) a year (2020–2024 American Community Survey).
What is the average home value in Palmetto Bay, FL?
The Census Bureau publishes the median: $879,700 (±$24,415) for owner-occupied homes in Palmetto Bay (2020–2024 American Community Survey).
Is Palmetto Bay growing?
In Palmetto Bay, the number of residents went from 24,333 in 2015–2019 to 24,639 in 2020–2024 (+1.3%), a measurable increase.
What ZIP codes are in Palmetto Bay?
The ZIP codes that cover Palmetto Bay are 33158, 33157.
What is the median rent in ZIP code 33158?
The median gross rent in ZIP Code Tabulation Area 33158 is $3,500 or more a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Palmetto Bay village, Florida
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Palmetto Bay village, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palmetto Bay village, Florida
- HUD Fair Market Rents, fiscal year 2027: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Miami-Miami Beach-Kendall, FL HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Palmetto Bay Police Department (ORI FL013950X)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Palmetto Bay village, Florida (place:54275, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .